Goldstone Financial Group believes that retirement planning must be both tactful and comprehensive, and that it must set up an individual for a long and comfortable retirement; one which may last for up to or over 30 years. That’s why they have updated their retirement planning services so that they can better ensure their clients will enjoy a guaranteed lifetime income.
For more details, visit https://goldstonefinancialgroup.com/
Given that most people are now living longer, the generally accepted rule has become that a person’s retirement savings should be able to last for 30 years. However, since most people on average only have 40 to 45 years of full-time work to prepare for that period, Goldstone Financial Group stresses that lifetime income planning is key.
As Goldstone explains, “While it’s good news that people are living longer than ever before, a drawback to a longer life is the greater possibility of outliving your savings. That’s why we are now working harder to help you develop a strategy that you cannot outlive–one that continues to work for you no matter the market environment.”
Goldstone Financial Group believes that the current economic period–one characterized by high inflation and low wage growth–will have reminded most people in Illinois that good financial planning is a must, and that good financial times don’t flow forever.
As such, with their new lifetime income and retirement planning services, they will first look at whether a client’s employer-sponsored retirement plan, normally a 401(k), is well invested. Then, they will look to other investment vehicles–including assets, mutual and index funds, and more–that will help their client grow their wealth while minimizing their tax burden.
Goldstone Financial Group has brought their combined experience in retirement planning, investment planning and tax planning to their new service and they are confident that they can help their clients establish a sound financial future; one which will last the full duration of their retirement.
A spokesperson for the fiduciary advisors added, “We can help you design an income strategy that helps conserve and grow your rollover assets, as well as incorporates insurance and investment vehicles to create opportunities for guaranteed income throughout your retirement. We think of it as an income strategy to help you bridge the ‘paycheck gap’ in retirement.”
Interested readers can find out more at https://goldstonefinancialgroup.com/contact-us/
Goldstone Financial Group
18W140 Butterfield Road
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Daily News Journal journalist was involved in the writing and production of this article.